ATR trailing Stop Loss tight to slack [Takazudo]

AUD/USDOANDA

Descrição

⋅ 13 de Abr de 2021 13:02

This is a demo of ATR based trailing Stop Loss.

This SL strategy uses 2 types of ATR based SL.

tight SL as initial (ATR * 1.5)
slack SL as trailing (ATR * 4)

When any entry singal occurs by the buy/sell conditions, this SL strategy uses the "tight SL" as the initial SL.

Then the SL will chase the price as trailing SL. However, this strategy uses the "slack SL" in this trailing phase.

So you can set the tight SL first.
Then SL will chase the price as the slack one.

Note: The entry strategy in this script is not intented to win. Check the result. Be careful. Just a module of my strategy.

Notas de Lançamento

⋅ 6 de Nov de 2021 08:38

updated PineScript version 4 to 5

Average True Range (ATR)stoploss trailingstop

Comentários

Akin_S

⋅ 21 de Dez de 2021 07:02

I was looking ATR trailing for a while but none of them able to follow main trend.
It looks very nice on renko chart, trying to set strategy alerts for my needs.

Good work

Takazudo

⋅ 21 de Dez de 2021 15:49

@Akin_S, I'm happy to receive your comment, thanks!

sebzik75

⋅ 5 de Mai de 2021 22:29

Thanks for sharing this, this is what I needed !

Takazudo

⋅ 6 de Mai de 2021 06:30

👍

hieronymusde

⋅ 4 de Mai de 2021 19:32

Just wanted to express my gratitude. Your SL implementation is so clean! Thank you, I learned a lot from it.

Takazudo

⋅ 5 de Mai de 2021 12:49

👍

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